Alibaba completed fiscal year with net profit growth of 37%


The largest Internet company in China, Alibaba, reported the results of the fiscal year ended March 31. The company's statements showed that its net profit reached $13.053 billion. Over the year, the figure rose by 37%. Earnings per share rose to 4 dollars 97 cents against 3 dollars 91 cents in the previous fiscal year. Revenue in the amount of 56.152 billion dollars showed an annual growth of 1.5 times. According to the report for the fourth fiscal quarter, the quarterly net profit rose 3.4 times compared with the same quarter a year earlier to $3.849 billion. Revenues reached $13.932 billion, registering a 1.5-fold increase. At the end of the fiscal year, the Alibaba customer base increased to 654 million active consumers per year.

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